Literally, China has gatecrashed the aggressively-guarded orchard of powerful western pharmaceutical companies. In practical terms, the WHO approval allows China to enter the portals of the COVAX as a qualified supplier. The COVAX platform aims to provide two billion doses to developing countries and regions by the end of 2021. But as of Friday, only 54 million doses had been delivered to 121 participants of the program.
That is because, as New York Times
wrote in the weekend, “Despite early vows, the developed world has done little to promote global vaccination, in what analysts call both a moral and epidemiological failure.” The anomaly creates a bizarre situation whereby in the western world, “vaccine orders are soaring into the billions of doses, Covid-19 cases are easing, economies are poised to roar to life, and people are busy lining up summer vacations,” while in the poor countries, the virus is raging on and vaccinations are happening far too slowly.
This wasn’t how COVAX was supposed to pan put when 192 countries joined hands and all agreed that vaccination is a universal human right. Plainly put, vaccine nationalism is as much a moral issue as of predatory capitalism.
The western pharmaceutical industry is prospering off sales to the world’s rich. Pfizer made $3.5 billion out of the vaccine in the first quarter of 2021. Moderna expects to make over $19 billion this year. The French President Emmanuel Macron lost patience, saying, “Today the Anglo-Saxons (read the US and the UK) are blocking many of these ingredients and these vaccines. Today 100% of the vaccines produced in the U.S. go to the American market.”
Jospeh Stiglitz — the Nobel laureate in economics at Columbia University, former chief economist of World Bank and chair of the US President’s Council of Economic Advisers — co-authored an essay last week with a startling title
Will Corporate Greed Prolong the Pandemic? He wrote:
“The scarcity of COVID-19 vaccines across the developing world is largely the result of efforts by vaccine manufacturers to maintain their monopoly control and profits. Pfizer and Moderna, the makers of the extremely effective mRNA vaccines, have refused or
failed to respond to numerous requests by qualified pharmaceutical manufacturers seeking to produce their vaccines.
“Their goal is simple: to maintain as much market power as they can for as long as possible in order to maximise profits… The argument that developing countries lack the skills to manufacture COVID vaccines based on new technologies is bogus. When US and European vaccine makers have agreed to partnerships with foreign producers, like the Serum Institute of India (the world’s largest vaccine producer) and Aspen Pharmacare in South Africa, these organisations have had no notable manufacturing problems. There are many more firms and organisations around the world with the same potential to help boost the vaccine supply; they just need access to the technology and know-how.”
The western nations are inoculating their own citizens as priority and also keeping stockpiles and vaccine-making capacity as reserves to provide for booster doses that may be required against some new variants of the virus in future.
In effect, China’s Sinopharm is entering the COVAX platform just as it seemed to be floundering. The WHO said in a statement that the approval given to Sinopharm (which took over 5 months, actually) is a “milestone achievement” that will create an opening to significantly increase the global supply of vaccines.
The WHO is reportedly granting approval to a second Chinese vaccine, Sinovac, in the coming days. Last October, when China joined the COVAX global vaccine distribution campaign, it had made a modest commitment to provide 10 million vaccines. Now, the WHO approval to Sinopharm will speed up China’s supplies to COVAX, which aims to send vaccines for free to 92 lower-income countries and to help another 99 countries and territories procure them.
Indeed, the WHO approval is a defining moment for the Chinese vaccine. Many countries were hitherto hesitating to use the Chinese the vaccine as it did not have recognition from the WHO. Sri Lanka
began using Sinopharm last weekend itself!
China has curbed the epidemic without the help of vaccines, while it has secured a place right at the forefront of vaccine research and development and has the capabilities today to expand vaccine production capacity explosively. To be sure, China is at the horizon as the ‘world’s pharmacy’.
The copyright for that compelling coinage belongs of course to India’s Prime Minister Narendra Modi who had patented it as far back October last year.
